Bids for Jalan Bunga Rampai and Irwell Bank Rd GLS sites lower than expected

Wee Hur Development had placed the highest bid for the GLS at Jalan Bunga Rampai. The winning bid for the District 19 site was $93.39 million or $885 psf ppr. Based on the current regulations, Wee Hur can build 115 residential apartments at the site.

For the other GLS site at Irwell Bank Road, the winning bid came from City Developments Limited (CDL). CDL bidded $583.89 million for the site, which is bounded by Irwell Hill Road and River Valley Road, and is situated at District 9.

 

Source: https://www.propertyguru.com.sg/property-management-news/2020/1/185464/bids-for-jalan-bunga-rampai-and-irwell-bank-rd-gls-sites-lower-than-expected

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